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Locomotive Market Size, Share & Industry Analysis, By Propulsion Type (Combustion (Diesel and Hydrogen) and Electric), By End User (Passenger and Freight), By Technology (IGBT Module, GTO Module, and SiC Module), By Component (Rectifier, Alternator, Motor, and Others), and Regional Forecast, 2025-2032

Last Updated: November 17, 2025 | Format: PDF | Report ID: FBI103285

 


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ATTRIBUTE

DETAILS

Study Period

2019-2032

Base Year

2024

Estimated Year

2025

Forecast Period

2025-2032

Historical Period

2019-2023

Growth Rate

CAGR of  8.1%  from 2025 to 2032

Unit

Value (USD billion) & Volume (Units)

Segmentation

Propulsion Type

  • Combustion
    • Diesel
    • Hydrogen
  • Electric

 By Component

  • Rectifier
  • Alternator
  • Motor
  • Others

 By Technology

  • IGBT Module
  • GTO Module
  • SiC Module

By End-user

  • Passenger
  • Freight

By Region

  • North America (Propulsion Type, By Component, By Propulsion Type, By Technology, By End-user)
    • U.S. (By  Propulsion Type)
    • Canada (By   Propulsion Type )
    • Mexico (By   Propulsion Type )
  • Europe (Propulsion Type, By Component, By Propulsion Type, By Technology, By End-user)
    • U.K. (By Propulsion Type)
    • Germany (By Propulsion Type)
    • France (By Propulsion Type)
    • Rest of Europe (By Propulsion Type)
  • Asia Pacific (Propulsion Type, By Component, By Propulsion Type, By Technology, By End-user)
    • China (By  Propulsion Type )
    • India (By  Propulsion Type )
    • Japan (By Propulsion Type )
    • South Korea (By Propulsion Type )
    • Rest of Asia Pacific (By Propulsion Type)
  • Rest of the World (Propulsion Type, By Component, By Propulsion Type &  By Technology, By End-user)

 

Locomotive Market
  • 2019-2032
  • 2024
  • 2019-2023
  • 287
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